QDII制度与我国证券监管新问题的法律分析

虽然QD II业务的推出对我国经济的发展存在许多理论上的正效应,但是它也在客观上考验着我国金融监管法律制度的健全性与有效性。目前,品种日益增多的QD II业务预期的正效应还没有得到完全的释放,不仅说明投资者对其信心的不足,而且从QD II的法律规则系来看,它也存在一些重大性的缺陷,如合格境内机构的认定、证券的合理界定、金融监管体系的调整及证券监管的国际协作等。实际上,QD II业务的境外运作说明,与之相配的有效法律制度之构建不仅仅是国内法视角的,而且更应是监管的国际合作与协调。

QDII and Chinese Financial Supervisory

Though QDII product has brought many theoretical positive effects,objectively it also tests the perfection and effectiveness of our financial supervisory legal system.At present,the fact that the expected positive effect has not been realized shows the investors are not confident about this financial innovation.Furthermore,the legal system of QDII also has some inborn defects such as the verification of QDII,defining of security,modification of supervisory framework,and the international coordination of security supervision,etc.In fact,the extraterritorial operation means that the construction of corresponeing law is not only from domestic angle,but also should be international supervisory coordination.